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HEOAX:NASDAQ

Highland Long/Short Equity Fund Class A – HEOAX Fund Overview

Last PriceToday's Change52-Week RangeTrading Volume
12.11-0.01 (-0.08%)11.38 - 12.960.0

Market data as of 6:25PM 11/21/14. Quotes are delayed by at least 15 min.

Overview - HEOAX

The investment seeks consistent, above-average total returns primarily through capital appreciation, while also attempting to preserve capital and mitigate risk through hedging activities. The fund seeks to achieve its investment objective by investing at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) under normal circumstances in equity securities. It is non-diversified.

Growth of $10,000 (10 Years)

Total Return4.70%
Yield (Trailing 12 Mo.)0.00%
Expense Ratio3.77%
Front Load5.50%
Deferred LoadNone
Minimum Investment$2,500
Management Tenure6 Years
Fund Inception12/05/2006

Trailing Total Returns - HEOAX

as of 10/31/2014
TimeframeHEOAXS&P 500Long/Short Equity
1 Month-0.66%2.44%0.61%
3 Month-0.33%5.05%0.32%
Year-to-Date-2.21%10.99%2.05%
1 Year0.98%17.27%4.80%
3 Year7.20%19.77%7.93%
5 Year5.25%16.69%7.98%
10 Year--8.20%5.88%
Since Inception4.70%10.67%--

Sector Allocation - HEOAX

as of 10/31/2014
Basic Materials
 
1.64%
Consumer Cyclical
 
14.15%
Financial Services
 
20.07%
Real Estate
 
0.00%
Consumer Defensive
 
4.20%
Healthcare
 
7.83%
Utilities
 
0.00%
Communication Services
 
2.30%
Energy
 
14.30%
Industrials
 
10.05%
Technology
 
25.46%

Asset Allocation - HEOAX

as of 10/31/2014
By PercentShort0%LongNet
Stock27.69
 
 
90.1562.46
Bond0.00
 
 
0.000.00
Other0.08
 
 
0.390.31
Foreign Stock1.78
 
 
3.972.19
Foreign Bond0.00
 
 
0.000.00
Total29.5594.5164.96
Cash0.01
 
 
35.0535.04
Total Net Assets$942.76M
Total Stock Holdings93
Total Bond Holdings0

Top Ten Holdings - HEOAX

as of 10/31/2014
CompanyYTD Return% of Assets
IVV--4.90%
NWSA-13.65%4.86%
YHOO14.59%4.42%
FNF13.51%4.20%
NBR4.53%3.41%
FB35.19%3.28%
HRB13.02%2.91%
WDC21.39%2.86%
CHRW19.52%2.72%
WSO7.73%2.71%

Valuation & Growth - HEOAX

as of 10/31/2014
ValuationHEOAXCategory Range
Price/Earnings26.01
Price/Book2.48
Price/Sales1.64
Price/Cash Flow12.97
Dividend Yield0.61
LT Earnings14.19
Historical Earnings14.94
Sales Growth3.2
Cash-Flow Growth5.87
Book-Value Growth6.42
Key:  Lo 
 Hi

Morningstar Summary - HEOAX, 3 Year

Management Style
Large Cap
Medium Cap
Small Cap
Ratingvs Category
Overall
RiskAvg
ReturnBelow Avg
Key:  Lo 
 Hi

Tax Analysis - HEOAX, 3 Year Avg

Pretax Return7.20%
Tax-adjusted Return3.69%
Tax Cost Ratio1.43%
Potential Cap Gains8.67%

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